56482 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Wadena County
Centroid: Latitude 46.439, Longitude -95.138
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56482 has segments in 3 Counties (Otter Tail, Todd, Wadena).

Businesses Addresses: 332
PO Box Addresses: 101
Residential Addresses: 2,959

Multi-Family Addresses: 294
Single Family Addresses: 2,665

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Wadena, MN 56482 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	6,838 (100%)
Population in Households	6,637 (97.1%)
Population in Families	5,192 (75.9%)
Population in Group Quarters¹	201 ( 2.9%)
Population Density	50
Diversity Index²	16


INCOME
Median Household Income	$40,626
Average Household Income	$55,393
% of Income for Mortgage⁴	13%
Per Capita Income	$23,048
Wealth Index⁵	58

HOUSING
Total HU (Housing Units)	3,158 (100%)
Owner Occupied HU	2,059 (65.2%)
Renter Occupied HU	781 (24.7%)
Vacant Housing Units	318 (10.1%)
Median Home Value	$130,132
Average Home Value	$155,610
Housing Affordability Index³	176

HOUSEHOLDS
Total Households	2,840
Average Household Size	2.34
Family Households	1,744
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Wadena, MN 56482 - Peer Comparisons by Rank and Percentile

The table below compares 56482 to the other 879 ZIP Codes in Minnesota by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.21%	0.3%
Households	0.2%	0.28%
Families	0.09%	0.21%
Median Household Income		0.82%
Per Capita Income		1.54%
Owner Occupied HU		0.4%

Variable Description	Rank	Percentile
Total Population	# 210	76th
Population Density	# 340	61st
Median Household Income	# 855	3rd
Housing Affordability Index	# 310	35th
Per Capita Income	# 843	4th
Diversity Index	# 424	52nd

Wadena, MN 56482 ZIP Code Profile

ZIP Code 56482: Basic Data & USPS Preferred City Name

Wadena, MN 56482 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Wadena, MN 56482 - Peer Comparisons by Rank and Percentile

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